Swedish startup Lovable is in talks to boost $150mn at a valuation simply shy of $2bn, the Monetary Occasions studies.
The Stockholm-based enterprise has constructed a generative AI platform that enables non-technical customers to construct apps or web sites based mostly on easy textual content prompts.
“I made a decision what we wanted to do is construct for the 99% who don’t create software program,” Anton Osika, Lovable’s co-founder, advised TNW in April.
Osika based Lovable alongside Fabian Hedin in 2023. Final week, Osika mentioned the corporate had generated $75mn in annual recurring income (ARR) inside seven months of launching the platform, making it certainly one of Europe’s fastest-growing startups.
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By permitting non-technical founders to create profitable companies with none prior coding or software program expertise, Osika believes the corporate is “unlocking a brand new economic system.”
If Lovable’s funding spherical closes as anticipated, it might mark certainly one of Europe’s largest funding rounds of 2025 up to now — and the most recent signal of investor urge for food for AI developed on the continent.
It follows Helsing, which builds AI software program for defence, elevating a hefty €600mn in June, and DeepMind spin-off Isomorphic Labs, which makes use of AI for drug discovery, securing €508mn in March. And if studies are to be believed, French AI startup Mistral is planning a whopping €1bn increase for later this 12 months.
Lovable’s funding spherical will probably be its largest so far by far. The startup beforehand raised €6.8m in seed funding in October and a $16mn seed spherical in February, in accordance with Dealroom knowledge.
Based on the Monetary Occasions, early Fb investor Accel is main the most recent spherical, with present buyers corresponding to 20VC and Creandum additionally becoming a member of in.
